Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 2,501,161 shares, a decrease of 38.7% from the June 30th total of 4,077,199 shares. Based on an average daily trading volume, of 17 shares, the days-to-cover ratio is presently 147,127.1 days.
Li Ning Price Performance
LNNGF remained flat at $2.00 on Friday. The stock has a 50 day moving average of $2.00 and a two-hundred day moving average of $2.38. Li Ning has a 52 week low of $1.75 and a 52 week high of $2.85.
About Li Ning
Li Ning Company Limited is a leading manufacturer, distributor and retailer of sportswear and sports equipment headquartered in Beijing, China. The company’s product portfolio encompasses athletic footwear, apparel and accessories tailored to running, basketball, badminton, tennis and fitness segments. Since its founding in 1990 by former Olympic gymnast Li Ning, the firm has developed a comprehensive supply chain that spans design, manufacturing, wholesale and retail channels.
Li Ning distributes its products through a network of directly operated stores, franchised outlets and e-commerce platforms across mainland China.
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